Weak trend continued in edible oils market on Wednesday despite firm futures. Lack of physical demand kept the market under pressure.Local refineries kept their rates steady. Liberty’s rates for Palmolein reduced to Ex STC / Shapur at ₹626/ ₹627, super palmolein at ₹647 and soyabean refined oil ex Shapur ₹690. Ruchi’srate for soyabean refined oil was ₹692.50, sunflower oil ₹700. Allana’s rates:palmolein Ex- Khopoli/Ex-IVP ₹625/628, soya refined oil ₹692, sunflower refined oil ₹710. Golden agri was quoting palmolein at ₹623. At Rajkot, groundnut oil telia tin was flat at ₹1,460 and loose (10 kg) was at ₹930 (925). BCE spot rates (₹/10 kg): groundnut oil 980 (980), soya ref. 690 (690), sunflower exp. ref. 645 (645), sunflower ref. 700 (700), rapeseed ref. 790 (790), rapeseed exp. ref. 760 (760), cottonseed ref. 693 (695) and palmolein 615 (615). Our Correspondent

(This article was published on February 15, 2017)
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